Maple Leaf Bakery sees volume decline

03 August, 2010

Volumes continued to fall at Maple Leaf Bakery UK, as parent company Canada Bread announced declining sales across frozen bakery.

Group sales for the six months to 30 June 2010 fell to C$402.1m (£246.4m), from C$435.9m (£267.1m), for the same period last year.

The Canadian firmís frozen bakery operation, which includes Maple Leaf Bakery in the UK, saw sales fall to C$244,275 (£149,684) over the period, from C$295,782 (£181,248) in 2009. Its fresh bakery sales also fell from C$553,261 (£339,025) to C$539,719 (£330,727).

The firmís fresh bakery business delivered steady results, but overall sales continued to be affected by volume decline in its North American frozen business and UK speciality bakery operations, explained president and CEO Richard Lan.

He said the firm was taking steps to reduce costs, as well as building sales, in its UK operations.

Maple Leaf Bakery UK produces a range of speciality breads, including the bagel brand New York Bakery Co.

Canada Bread Company Limited, is 90% owned by Canadian firm Maple Leaf Foods Inc


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